Training for future OFW entreps
As part of the Reintegration Program of OWWA, the Regional Welfare Office XI conducted a one-day Enhanced Entrepreneurial Development Training (EEDT) last February 22, 2019 at the Training Room of the Regional Welfare Office XI. A total of 40 active and inactive OWWA members and their dependents from Davao Region attended the said training.
The activity aims to provide awareness and better understanding of the intricacies of putting up business enterprise to OFW and dependent applicants who are planning to avail of the OFW Enterprise Development and Loan Program (OEDLP) of OWWA.
It also aims to provide the participants with inputs on the financial patterns and behavior, impart knowledge and skills in the preparation of business plan, assess the qualities and capabilities of OFWs and their families as entrepreneurs, provide inputs on viable business ideas and possible entrepreneurial ventures, and orient them on the basic aspects of business operation and management.
The OFW Enterprise Development and Loan Program (OEDLP) is an enterprise development intervention and a loan facility of OWWA in partnership with the Land bank of the Philippines intended to support enterprise development among OFWs and their families. The OFW or their legal dependent can avail of a loan between P100,000 to P2 million.
In this program, OWWA provides the social preparation activities which include the conduct of business appreciation seminar with entrepreneurial skills self-assessment, referral to partner institutions, business immersion, conduct of seminar on business plan preparation, and other relevant interventions.
Preparing a simple business plan was also discussed during the training to be guided on their marketing plan and strategy. Production and technical aspect as well as business management were also given emphasis.